repossession

The current market conditions make it a great time for investors to purchase a foreclosed property for private residence, rental or flip. Buyers can save anywhere between 10% and 40% off the market value, but some homes need repair. 

Foreclosure numbers are growing every day. There are about 120 million homes in the U.S., and 4% of them, or 4.8 million, are facing foreclosure.

It is not a secret that the economy is in the grip of a depression. Based on the news headlines, the millions of Americans are falling behind on their mortgages taken out in economically kinder times. What can happen if you default on payments? You have probably heard the term foreclosure. In this article, we will look at the foreclosure process and its effects.